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Tina Is Able to Pay $160 a Month for Five

Question 8

Multiple Choice

Tina is able to pay $160 a month for five years for a car. If the interest rate is 4.9%, how much can Tina afford to borrow to buy a car?


A) $6,961.36
B) $8,499.13
C) $8,533.84
D) $8,686.82
E) $9,588.05

Correct Answer:

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